Alumis Inc. ( (ALMS) ) has released its Q1 earnings. Here is a breakdown of the information Alumis Inc. presented to its investors.
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Alumis Inc. is a clinical-stage biopharmaceutical company focused on developing oral therapies to improve outcomes for patients with immune-mediated diseases. In its first quarter of 2025, Alumis reported significant progress in its clinical programs and strategic initiatives. The company highlighted the advancement of its TYK2 inhibitor, ESK-001, in clinical trials for plaque psoriasis and systemic lupus erythematosus, with key data expected in 2026. Additionally, Alumis announced a collaboration with Kaken Pharmaceutical to enhance its dermatology market presence in Japan and a pending merger with ACELYRIN to boost its clinical pipeline and financial flexibility. Financially, Alumis reported a net loss of $99 million for the quarter, with increased research and development expenses driven by accelerated clinical activities. Looking ahead, Alumis anticipates reduced R&D expenses and expects its cash reserves to support operations into 2026, with the merger potentially extending this runway to 2027.